Using Location, Location, Location to Spot and Stop Fraud

The IDology Fraud Team monitors transactions across our network on a day by day, hour by hour, minute by minute basis, allowing us to rapidly inform customers when suspicious activity occurs. This map shows zip codes where we saw suspicious or fraudulent transactions over the last twelve months. Indicators on the map show one of two things: the location of the fraudster, or the location of their victim. For example, a criminal in California may use a breached Atlanta-based identity to attempt to open a new account. The usual fraud “hotspots” light up the map again, including Miami and Atlanta, although we’ve also seen fraud in the Midwest continue to grow each year.

Why do some zip codes attract more fraud than others? One thing we’ve noticed is that fraud increases with the presence of international airports and/or proximity to the coast – major criminal activities tend to cross international borders in these places. During the commission of these crimes, criminals frequently also use stolen identities to launder money and evade law enforcement.

Because a criminal is not always located in the immediate area of their victim, analyzing discrepancies in location is an important layer of identity. If you’re interested in how IDology’s technology, coupled with a dedicated fraud team and access to cross-industry fraud intelligence data, can help your business, then contact us for an expert consultation today.

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